Question

difference between selling price and cost price of goods if gross or net loss?

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Answer 1

Answer:

The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. Your cost of goods sold (COGS) is how much money you spend directly making your products. ... Your business's net profit is known as a net loss if the number is negative.

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Answer 2

The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. Your cost of goods sold (COGS) is how much money you spend directly making your products. ... Your business's net profit is known as a net loss if the number is negative.

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